foreverchungHave been holding PohKong ever since. I would say I agree with @SuperPanda, Tomei has higher uptrend, but lower volume, so abit harder to sell off; Pohkong has lower uptrend, but higher volume, easier to sell.

Personally I prefer Pohkong, although I was holding Tomei and Pohkong between these, but I sold off Tomei cuz I felt that its abit harder for me to convert my paper profit to actual profit.

Invest_888USD TO MYR: 1 US DOLLAR = RM4.33. RM is not up against Dollar, in other words, USD is slightly firm against RM now. Due to over USD printing by US federal reserve, gold up significant against USD because gold can't be printed. World wide governments, investment firms and rich people recognize Gold can hedge against all types of crises and inflation.

Now, the more USD(even euro, Japanese yen, renminbi and etc) printing/government bonds the more the gold price can increase. As a matter of fact, US federal reserve can pay back all its debt by printing money and just pay it as long as US owe others in USD.

GOLD power is crazy!!!. 1 ounce of gold can go up to USD3000 in 1 year if crises remain

14/04/2020 11:13 PM

BursaFollowernow following MCO all businesses must close. even there is a hike in gold price, poh kong still cannot do sales.

15/04/2020 12:11 AM

foreverchung@BursaFollower, I think they are hedging on these few points below, but feel free to comment and let me know what you think. Perhaps we can discuss more points to learn.

1. The economy / market has not really seen the true bottom yet, now is just the euphoria of all the QE's and liquid injection done by the government.

2. Gold will only head upwards when compared to last 5 years graph. In any circumstances, gold gains, USD weakens, good for gold.

3. Once the dust of the Covid19 settles and market turns into recession, gold will be the focus point cuz banks / companies start to hold gold bullion, which is one of PohKong's trades.

4. PohKong technically can't do physical store sales, but right now they can focus on lower cost products to be sold online.

I get that younger people tend to ignore gold at the moment, but they could be gravely wrong. Like it or not gold still exists in physical form, and it has been the benchmark for currencies since hundred of years ago. But again, times change, greed does not.

Gold fell as much as 2% on Friday after President Donald Trump’s new guidelines to re-open the U.S. economy and encouraging early data related to a potential COVID-19 treatment drove investors towards riskier assets.

Spot gold was down 1.7% at $1,689.22 an ounce, more than $60 lower than the 7-1/2 peak hit earlier this week on concerns over the worst recession in decades.

20/04/2020 9:37 AM

foreverchungTo me it sounds like a temporary Euphoria. We all knows that there are no hiding from the fact that the world economy now is hanging on a thread, anytime can go into full blown recession. Covid19 will be the catalyst. While the news are reporting these, I see different thing happen as more and more people are hoarding gold especially rich fellas.

Watch out. The Euphoria of QE and rumors may die down soon as o&g might be the first sector to collapse. And then the chain reaction will begin and perpetuate to other segments.

20/04/2020 12:44 PM

ks55WTI down to $15, and proceed to $10 all the way. Gold $50k per kg, all the way to $ 1m. FED QE after QE, then proceed to unlimited QE. FED is buying up junk bonds issued by Boeing, Exxon, etc. It is even more toxic than TARP.

It is safe to park your money in Poh Kong. Under MCO, Poh Kong not opening up for business, but gold bullion in its safe/ strongroom appreciates regardless workers stay at home or not. You will see value of its inventory balloon sky high........

20/04/2020 12:56 PM

ArtanePoh kong break previousbresistance 0.505 next target 0.57, 0.6 is not a dream by end of this april 2020

It has started the new cycle and I think Phase 1 cycle was completed at the high of $0.525 on 21st April 2020.

It has formed a Symmetrical Triangle lately and I am anticipating PohKong to break above the Triangle in near future. The volume dropped in line with the consolidation lately.

Now it is at the level that traders can consider to enter as the Cut Loss level is near to the uptrend line( $0.46)

I am expecting PohKong to break above $0.48 to try its immediate resistance at $0.51, a successful penetration with volume it is expected to try its Triangle Downtrend Resistance Line at @$0.53/$0.535 In the near future.( Very Strong Resistance at this level).

A breakout above the Triangle with volumes it is expected to test it immediate Resistant at $0.56 & possible Target of $0.60.

A show of weakness if break below $0.46 and I will take my losses if $0.45 is violated.

Invest_888Tomei latest quarterly financial result is 2.89 cents due to the higher profit margin. Poh Kong mostly performs better than Tomei, next month result should be good as well. Agree, this month end can hit USD1800 per ounce. The profit margin is even higher then. Time to fly Poh Kong, hope at least 20%. Huat!!!